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Corporate Score 32 Bearish

Old North State Wealth Management Fully Divests from FMC Corporation

Apr 17, 2026 16:47 UTC
FMC
Medium term

A notable wealth management firm has liquidated its entire position in FMC Corporation amid deteriorating fundamentals. The exit follows a significant decline in the company's share price and revenue.

  • Old North State sold 295,829 FMC shares for an estimated $4.42 million
  • FMC annual revenue fell 18% to $3.47 billion
  • Company reported a net loss of $2.24 billion due to restructuring
  • 2026 revenue guidance set between $3.6 billion and $3.8 billion
  • FMC aims to trim $1 billion in debt via asset sales
  • Management is considering strategic alternatives, including a possible sale

Old North State Wealth Management has completely exited its stake in FMC Corporation (NYSE: FMC), selling 295,829 shares during the first quarter of 2026. The transaction is estimated at approximately $4.42 million based on quarterly average pricing, representing a full liquidation of a position that previously accounted for 1.9% of the firm's assets under management. The divestment occurs as FMC struggles with a challenging operational reset. The agricultural sciences company reported an 18% decline in annual revenue to approximately $3.47 billion, resulting in a substantial net loss of $2.24 billion. This loss was primarily driven by significant impairments and restructuring efforts. Looking ahead to 2026, management forecasts revenue between $3.6 billion and $3.8 billion, with a projected decrease in adjusted EBITDA of up to 17%. To stabilize its balance sheet, FMC is seeking to reduce its debt by $1 billion through asset disposals and is exploring strategic alternatives, including a potential sale of the company. The total exit by Old North State, following a 50% drop in the stock's value, suggests a loss of confidence in a near-term recovery. While the trade size is modest compared to larger holdings, the timing aligns with the company's broader financial distress and ongoing restructuring efforts.

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